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Re:A Guide to NFTs, and How They Are About to Revolutionize ... by A12-B on Wednesday February 24, 2021 @11:27PM (#26259691)
If you reduce NFT art down it is basically just a way to make digital art work like physical art. It didn't work that way before because you can copy anything digital, but the use of crypto + proof that you own the work adds that uniqueness present in the real world but not the digital world.

This is all done so the value of the art can be increased and solidified.

Re:A Guide to NFTs, and How They Are About to Revolutionize ... by jakelazaroff on Wednesday February 24, 2021 @11:29PM (#26259705)
I don't understand how NFTs change anything, though? Like, why do I care that Bob technically "owns" the file that I have a bit-for-bit identical version of?
Re:A Guide to NFTs, and How They Are About to Revolutionize ... by tablespoon on Thursday February 25, 2021 @02:19AM (#26260540)
> I don't understand how NFTs change anything, though? Like, why do I care that Bob technically "owns" the file that I have a bit-for-bit identical version of?

Yeah. And Bob just has some blockchain token that signifies nothing, except maybe to enthusiasts of this NFT technology. There's no actual ownership of the file there, not even "technically."

I suppose you could create a Torrens title system that uses NFTs, but all the force will come from the law not the NFT technology.

Re:A Guide to NFTs, and How They Are About to Revolutionize ... by A12-B on Wednesday February 24, 2021 @11:41PM (#26259774)
The 3 ways to look at this are from a literal perspective, a legal perspective, and an 'artistic' perspective.

Literally, this changes nothing. A copy is the same artwork as any other.

Legally, having ownership (or partial) of artwork can be enforceable.

Artistically speaking, this seems to mean a lot to a lot of people's sense of value. I guess that's important. It's less important to me but I definitely see where they're coming from.

Re:A Guide to NFTs, and How They Are About to Revolutionize ... by jakelazaroff on Wednesday February 24, 2021 @11:45PM (#26259793)
Legally, I don't think this changes anything either. Unless I'm mistaken, all of this can already be accomplished within the copyright system (albeit with a lot more red tape).

After reading the responses here, I think I'm just gonna have to file this under "I don't care, but if it makes people happy then more power to them." ¯\_(ツ)_/¯

Re:A Guide to NFTs, and How They Are About to Revolutionize ... by jimkleiber on Thursday February 25, 2021 @12:16AM (#26259957)
I think this can help to verify ownership across national borders, yet I think it might require global governance to overlook the enforcement of these property rights, which I haven't heard too many people discuss.

Copyrights, patents, and trademarks in the US, AFAIK, are basically just the right to sue someone if they infringe on your ownership rights. Even deeds and property ownership require some legal or physical enforcement.

Anyways, I'm curious about this space and hoping I start to hear more conversations in crypto talking about which systems of human governance we want to work hand-in-hand with these blockchains.

Re:A Guide to NFTs, and How They Are About to Revolutionize ... by Rinum on Wednesday February 24, 2021 @11:41PM (#26259772)
It's a social game. Being able to say that you own a meme (a "rare pepe" for example) can win you some popularity. I think popularity translates to influence and that influence has value. The market is trying to figure out what that value is.
Re:A Guide to NFTs, and How They Are About to Revolutionize ... by justin_oaks on Wednesday February 24, 2021 @11:36PM (#26259749)
You? You don't care. The people who pay do. It makes them feel special and gives them something show off.

I think of it like having your name in the credits of a movie. Nobody should care about that, but they do.

Re:A Guide to NFTs, and How They Are About to Revolutionize ... by h0l0gr4ph1c on Wednesday February 24, 2021 @11:39PM (#26259766)
It still won't. If you look at history we have been always shifting towards information storage that is easier and thus less energy intensive to copy.

Art by definition has done the opposite. Unique pieces that are HARD to copy (IIRC art only gains value once the artist is dead) and thus can gain value.

This feels to me like a weird version of DRM which has no real world use case.